A little below the day's high, looking for it in day trade or swing.
Crypto Haseeb
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🔥 $HIVE /USDT – A Strong Bounce with Potential for More Gains! 🚀 The $HIVE /USDT pair has been showing impressive growth with a +4.90% increase in the last 24 hours, currently priced at $0.3299! After reaching a 24-hour high of $0.3692, it looks like $HIVE is ready to break higher. Could this be the beginning of a breakout? Let’s dive into the details! 📊
Key Levels to Watch 👀
Current Price: $0.3299
24-Hour High: $0.3692 – Keep an eye on this resistance level. A breakout above could fuel more upward momentum.
24-Hour Low: $0.3109 – This support level will be crucial if the price sees a retracement.
Moving Averages 📈
MA(7): $0.3315 – The price is slightly above this, showing short-term bullishness.
MA(25): $0.3302 – The price is holding above the medium-term average, suggesting strength in the trend.
MA(99): $0.3275 – Long-term support is at this level, confirming that the overall trend is still intact.
Volume Insights 💥
24h Volume (HIVE): 68.57M HIVE – Strong volume shows active market participation, a key factor for any potential breakout.
24h Volume (USDT): 22.99M USDT – More liquidity in USDT indicates the market is active, and we could see increased volatility and price movement.
Market Depth and Resistance Levels 🚧
Resistance: Around $0.3692 – This level will be key to watch for any bullish continuation.
Support: Around $0.3109 – A strong potential buy zone if the price dips.
Conclusion 🔥
With HIVE/USDT showing +4.90% growth and the price trading above key moving averages, the short-term outlook remains positive. If the price breaks above $0.3692, we could see more upward momentum. On the other hand, $0.3109 remains an important support level, which could provide an opportunity for a lower-risk entry.
